Trian Fund Management 13F holdings, Q3 2011
Holdings as of September 30, 2011 · filings on SEC EDGAR · latest filing →
Trian Fund Management disclosed 16 US equity positions worth $2.7bn in its Q3 2011 13F filing. The largest position was Kraft Foods Inc at 21.3% of the reported book, followed by Legg Mason Inc and Family Dlr Stores Inc. Against the Q2 2011 filing, it opened 3 new positions, added to 6 and reduced 6 among the top 16 holdings.
What did Trian Fund Management own in Q3 2011? Top 16 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2011 |
|---|---|---|---|---|---|---|---|
| 1 | Kraft Foods Inc | 21.3% | $581.3m | 17,311,152 | 0% | held | |
| 2 | Legg Mason Inc | 13.9% | $378.0m | 14,702,269 | 31% | added | |
| 3 | Family Dlr Stores Inc | 13.5% | $367.7m | 7,228,695 | 17% | added | |
| 4 | WEN Wendys Co | Consumer Cyclical | 12.9% | $351.7m | 76,623,145 | – | new |
| 5 | STT State Str Corp | Financial Services | 11.5% | $312.9m | 9,727,966 | 58% | added |
| 6 | Tiffany & Co. NEW | 10.0% | $272.6m | 4,481,994 | -12% | reduced | |
| 7 | DPZ Dominos Pizza Inc | Consumer Cyclical | 5.9% | $161.4m | 5,921,150 | -1% | reduced |
| 8 | PEP Pepsico Inc | Consumer Defensive | 5.3% | $145.8m | 2,355,093 | – | new |
| 9 | SPY SPDR S&P 500 ETF TR TR UNIT | 3.2% | $87.7m | 775,000 | 72% | added | |
| 10 | Heinz HJ Co | 2.0% | $53.8m | 1,065,584 | -48% | reduced | |
| 11 | Charter Communications Inc. D | 0.2% | $4.2m | 90,111 | 73% | added | |
| 12 | LyondellBasell Industries N | 0.1% | $3.9m | 160,000 | 2% | added | |
| 13 | Istar Finl Inc | 0.1% | $2.1m | 354,900 | -17% | reduced | |
| 14 | CBS Corp. NEW | 0.1% | $1.9m | 95,000 | – | new | |
| 15 | Belo Corp | 0.0% | $978.0k | 200,000 | -31% | reduced | |
| 16 | Lin TV Corp | 0.0% | $874.0k | 400,910 | -28% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.